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Archive for July, 2011

Summary of Weekly Mortgage Rates Survey – July 30, 2011

July 28, 2011 1 comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.55 % 3.66% 3.25 % 2.95 %
Fees & Points 0.8 0.7 0.6 0.5
Margin N/A N/A 2.74 2.76

Thank you, Freddie Mac

Dave & David Warner
 

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July 27, 2011 Leave a comment

Categories: Uncategorized

BofA Donates, Then Demolishes Houses to Cut Glut

July 27, 2011 2 comments

Bank of America Corp. (BAC), faced with a glut of foreclosed and abandoned houses it can’t sell, has a new tool to get rid of the most decrepit ones:   a bulldozer.

The biggest U.S. mortgage servicer will donate 100 foreclosed houses in the Cleveland area and in some cases contribute to their demolition in partnership with a local agency that manages blighted property. The bank has similar plans in Detroit and Chicago, with more cities to come, and Wells Fargo & Co. (WFC), Citigroup Inc. (C), JPMorgan Chase & Co. (JPM) and Fannie Mae are conducting or considering their own programs.

The rest of the article;

http://www.bloomberg.com/news/2011-07-27/bank-of-america-donates-then-demolishes-houses-to-get-rid-of-foreclosures.html

Dave & David Warner
 

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“This big brown had a 9″ rainbow hanging out of its mouth and still smash a 6″ cotton candy streamer.”

July 26, 2011 Leave a comment

hungry brown

Thank’s, Flyfishing Frenzy

Dave & David Warner
 

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For Sale – 3114 Del Monte, Anaheim

July 24, 2011 Leave a comment

Good news – Rep. Barney Frank stated today Obama administration reversed its position & supports extending the loan limits another year!

July 21, 2011 2 comments

Thank You, CAR

Dave & David Warner
 

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Summary of Weekly Mortgage Rates Survey – July 21, 2011

July 21, 2011 1 comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.52 % 3.66% 3.27 % 2.97 %
Fees & Points 0.7 0.7 0.5 0.5
Margin N/A N/A 2.74 2.76

Thanks, Freddie Mac

Dave & David Warner
 

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